Abu Dhabi's ADNOC Gas shares up 18% over IPO price

DUBAI, March 13 (Reuters) - Shares of ADNOC Gas jumped about 18% over its listing price in the Abu Dhabi market debut on Tuesday.

ADNOC Gas' shares traded at 2.8 dirhams ($0.7625) apiece, versus its initial public offering price of 2.37 dirhams. State-backed oil giant Abu Dhabi National Oil Co (ADNOC) had earlier this month, raised about $2.5 billion through a sale of roughly 5% of its gas business in an IPO.

($1 = 3.6722 UAE dirham) (Reporting by Hadeel Al Sayegh; Editing by Dhanya Ann Thoppil)

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

Abu Dhabi's ADNOC Gas shares up 18% over IPO price

By Reuters

Reuters

Reuters

Gold is never going back to $2,000: 'That's history,' prices to 3x from here – Peter Schiff

‘Biggest economic shift since Nixon’: Major U.S. monetary policy changes coming in 12-36 months – Jack Mallers

India joins South Africa in denying BRICS currency plans after Trump’s 100% tariff threat

Solid price gains for gold, silver after busy news weekend

Bitcoin remains a ‘speculative vehicle’ and ‘won’t work’ as a reserve: ‘I prefer gold’ – Ray Dalio

off-the-wire

Abu Dhabi&apos;s ADNOC Gas shares up 18% over IPO price

By Reuters

Reuters

Reuters

Abu Dhabi's ADNOC Gas shares up 18% over IPO price